Mgm resorts international announces completion of acquisition of the operations of the cosmopolitan of las vegas

Las vegas , may 17, 2022 /prnewswire/ -- mgm resorts international (nyse: mgm) ("mgm resorts" or the "company") today announced the closing of its transaction with blackstone to acquire the operations of the cosmopolitan of las vegas (the "property" or "the cosmopolitan") for cash consideration of $1.625 billion. with the closing of the transaction, the cosmopolitan of las vegas officially joins mgm resorts' roster of iconic brands along the las vegas strip.
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